First Potomac Realty Trust's Tenant At Redland Corporate Center Receives Leed® Platinum Certification
BETHESDA, MD (Aug. 27, 2013) - First Potomac Realty Trust (NYSE:FPO), a leading owner of office and business park properties in the greater Washington, D.C. area, today announced that its tenant, Greenman-Pedersen, Inc. (GPI), was awarded the prestigious LEED® CI Platinum certification by the U.S. Green Building Council for improvements to its space at Redland Corporate Center in Rockville, Maryland.
GPI, an engineering and construction services firm, occupies 7,897 square feet at the property, which is located at 530 Gaither Road. The tenant upgraded its own space on the first floor, focusing on water-use reduction, specifically in the restrooms. The improvements, coupled with the Gold certified building provided by First Potomac, pushed GPI's score to a total of 81 points, making GPI's space eligible for Platinum certification.
The certification is only the fourth office space in all of Maryland that is LEED (Leadership in Energy and Environmental Design) CI (Commercial Interiors) Platinum, another of the four being located in the same First Potomac building. GPI is also the first engineering office in Maryland to be awarded the LEED CI Platinum certification.
LEED for Commercial Interiors is the recognized system for certifying high-performance, green tenant spaces that were designed specifically for tenants in commercial and institutional buildings who lease their space or do not occupy the entire building.
"We commend Greenman-Pedersen for taking the initiative to make its office space LEED Platinum," stated Douglas J. Donatelli, Chairman and CEO of First Potomac Realty Trust. "In today's marketplace being green is no longer an option, it is an expectation, and we always appreciate when tenants continue to raise the bar and look for new ways to maximize the sustainable potential at our properties."
"Our LEED Platinum certification demonstrates our commitment to the environment and sustainability to our clients and community. We understand the importance of a sustainable engineering design approach to HVAC, electrical, and plumbing systems," said GPI Senior Vice President Lew Brode. "I congratulate our entire design and construction team for achieving this level of certification. It exemplifies our dedication to the design of high quality, sustainable spaces for GPI and for our clients."
Redland Corporate Center is 100% leased and comprised of two Class A multi-story office buildings totaling 348,469 square feet. The property achieved LEED Gold certification when it was originally built in 2009, utilizing sustainable and renewable resources, minimizing environmental waste and pollution, optimizing indoor air quality, and seeking to reduce or eliminate contact with toxic or hazardous conditions.
Other specific green elements integrated throughout Redland Corporate Center include easy access to mass transit, bicycle storage and changing facilities, natural light to 90 percent of interiors, recycled/certified/low-emission building materials, water/energy-efficient fixtures and systems, and low-impact, green housekeeping.
Redland Corporate Center is one of many LEED designated buildings in First Potomac's portfolio. More than a quarter of First Potomac's multi-story office portfolio by square footage is LEED certified, and an additional million square feet of development projects are planned to achieve LEED certification within the next five years, which will increase that figure to nearly 70 percent.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping high quality office and business park properties in the greater Washington, D.C. region. As of June 30, 2013, the Company's consolidated portfolio totaled approximately 9 million square feet. Based on annualized cash basis rent, the Company's portfolio consists of 52% office properties and 48% business park and industrial properties. A key element of First Potomac's overarching strategy is its dedication to sustainability. Nearly one million square feet of First Potomac property is LEED Certified, with the potential for another one million square feet in future development projects. Approximately half of the portfolio's multi-story office square footage is LEED or Energy Star Certified and 81% of First Potomac's Washington, DC portfolio is Energy Star Certified. FPO common shares (NYSE: FPO) and preferred shares (NYSE: FPO-PA) are publicly traded on the New York Stock Exchange. For more information, please visit www.first-potomac.com.